onsemi $ON Shares Bought by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. raised its holdings in shares of onsemi (NASDAQ:ON) by 1,365.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,069 shares of the semiconductor company’s stock after buying an additional 9,382 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in onsemi were worth $774,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in shares of onsemi by 2.5% during the 3rd quarter. Brighton Jones LLC now owns 27,800 shares of the semiconductor company’s stock valued at $2,137,000 after acquiring an additional 679 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of onsemi by 7.4% during the third quarter. Pictet Asset Management Holding SA now owns 4,550,913 shares of the semiconductor company’s stock worth $349,788,000 after purchasing an additional 314,203 shares in the last quarter. CenterBook Partners LP grew its holdings in shares of onsemi by 162.4% during the third quarter. CenterBook Partners LP now owns 187,420 shares of the semiconductor company’s stock worth $14,407,000 after purchasing an additional 115,987 shares in the last quarter. Alta Advisers Ltd bought a new position in shares of onsemi in the third quarter worth approximately $225,000. Finally, Kestra Advisory Services LLC increased its position in shares of onsemi by 13.5% in the third quarter. Kestra Advisory Services LLC now owns 16,911 shares of the semiconductor company’s stock worth $1,300,000 after purchasing an additional 2,006 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ON. Weiss Ratings reaffirmed a “hold (c)” rating on shares of onsemi in a research note on Wednesday. Cantor Fitzgerald reissued a “neutral” rating and issued a $90.00 price target on shares of onsemi in a research note on Tuesday, November 3rd. UBS Group reissued a “neutral” rating on shares of onsemi in a research note on Thursday, September 17th. Mizuho decreased their price target on shares of onsemi from $95.00 to $87.00 in a report on Tuesday, November 3rd. Finally, Stifel Nicolaus raised their price objective on shares of onsemi from $75.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.03.

onsemi Price Performance

ON opened at $63.31 on Monday. The stock has a 50-day moving average price of $74.22 and a 200-day moving average price of $82.16. onsemi has a 12-month low of $44.56 and a 12-month high of $134.92. The company has a current ratio of 3.55, a quick ratio of 2.61 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $24.65 billion, a P/E ratio of 36.81, a PEG ratio of 0.51 and a beta of 2.11.

onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, November 2nd. The semiconductor company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.88 by $0.02. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. onsemi had a return on equity of 15.53% and a net margin of 10.82%. The company’s revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 EPS. Equities analysts predict that onsemi will post 3.27 earnings per share for the current fiscal year.

Insider Transactions at onsemi

In other onsemi news, insider Sudhir Gopalswamy sold 15,578 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $80.00, for a total value of $1,246,240.00. Following the completion of the sale, the insider owned 158,177 shares of the company’s stock, valued at $12,654,160. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is currently owned by corporate insiders.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi’s AI data-center sales were reportedly up 175%, giving investors a fast-growing business line to watch as demand for AI infrastructure supports semiconductor suppliers. Article: Onsemi’s AI Data Center Sales Reportedly Grew 175%
• Neutral Sentiment: Analyst opinions are divided: Craig Hallum upgraded the stock and Truist maintained an optimistic outlook, while TD Cowen and Cantor Fitzgerald were more cautious. This mix may limit the impact of any one rating on the shares. Article: onsemi Rating Upgraded by Craig Hallum
• Negative Sentiment: Several firms have lowered price expectations, including Citigroup, B. Riley, Goldman Sachs and Mizuho, signaling continued concern about valuation or the near-term outlook. Article: onsemi Price Target Cut by Citigroup
• Negative Sentiment: onsemi has also been caught in a broader post-midterm selloff in AI-related semiconductor stocks, alongside Navitas and STMicroelectronics; the report cited no new company-specific news behind that sector pressure. Article: AI Chip Stocks Slide After Midterms

onsemi Profile

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions.